Having sold Nextel Mexico and agreed to sell Nextel Argentina, NII Holdings is now considering the future of its Brazilian subsidiary.
NII Holdings (NASDAQ:NIHD) is reportedly set to appoint a financial adviser as part of a strategic review of its Nextel Brasil unit.
In the meantime, the company is pursuing a tower sale, CEO Francisco Valim has said.
Reuters, attributing the strategic review to unnamed sources, cited Valim as saying that there were no immediate plans to sell the company.
Valim added that because the company is “constantly looking for more alternatives to ramp up our ability to compete,” it regularly discussed financing and strategic issues with banks.
The holding company, which exited bankruptcy in June, sold Nextel México to AT&T in January for US$1.9bn and Nextel Argentina to Grupo Clarín for US$178m in September – although the second transaction is now disputed by the Argentine government.
Nextel Brazil is the country’s fifth largest mobile operator, reporting US$303m in Q2 2015 revenue. The future ownership of locally owned Oi and Telecom Italia’s TIM Brasil is also in question, with most observers expecting an eventual tie-up between the two.
A spokesperson for NII Holdings did not reply to request for comment in time for the press deadline.
NII Holdings has a market cap of US$668m.